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China Southern Airlines up sharply in HK after strong H1 results

Hong Kong (XFN-ASIA) - China Southern Airlines Co Ltd was sharply

higher in Hong Kong after reporting that it has returned to profit in the first

half from a net loss a year earlier, dealers said.

The stock was up 0.20 hkd or 2.78 pct at 7.40.

The airline said it booked a net profit under international financial reporting standards of 168 mln yuan in the first half compared with a net loss of 825 mln in the same period a year ago.

It said increased passenger traffic and the appreciation of the yuan offset rising jet fuel prices and boosted its performance during the period.